Your credit score is a metric that financial institutions and other lenders use to evaluate how responsible you have been at borrowing money.
Your credit score comes into play when qualifying for credit cards, mortgages and personal loan rates. Credit scores are calculated using different scoring models and by different credit companies such as Experian, Equifax and TransUnion. Most credit scores range between 300 and 850 — and the higher the number the lower your interest rate will be on your borrowings.
If you are looking to improve your score, there are a number of ways to move it higher. Watch the video above to learn more.Download NBC 5 Dallas-Fort Worth
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